Malaysia Tycoon Hires Outsider to Revamp His Virus-Hit Empire
This article is for subscribers only.
Berjaya Corp., controlled by Malaysian tycoon Vincent Tan, hired an outside professional for the first time to revamp one of the nation’s biggest diversified groups hit by the global pandemic. The stock surged.
The company named Abdul Jalil bin Abdul Rasheed as group chief executive officer, replacing Tan’s son Robin Tan, who becomes executive deputy chairman. Jalil was CEO of Permodalan Nasional Bhd., the country’s top state-run money manager, and has worked with Aberdeen Standard Investments and Invesco Ltd.